Group 1 - Bitcoin's price fell more than 5% in early trading on Monday, dropping below $86,000 before recovering to $86,756, marking a 5.05% decrease in the past 24 hours [1] - Ether, the second most valuable cryptocurrency, decreased by 5.56% to $2,840, while other major tokens like XRP, Binance's BNB, and Solana's Sol fell by 5.6%, 6.6%, and 6.1% respectively [2] - The global cryptocurrency market cap fell below $3 trillion again, down from a peak of nearly $4.3 trillion in October [2] Group 2 - The recent slump in the cryptocurrency market is a reversal of the recovery seen the previous week, with traders anticipating Bitcoin's price could drop as low as $80,000 [3] - The selloff was exacerbated by a hack on the crypto investment platform Yearn Finance, which reported that hackers drained $9 million in yETH tokens [4] - Yearn Finance has initiated a "war room" with its audit partners and is conducting a full postmortem investigation following the hack [4]
Bitcoin Slides More Than 5% As Crypto Selloff Resumes
Forbes·2025-12-01 10:40